Sept 10 (Reuters) - Stablecoin issuer Figure Technology,

along with some of its existing investors, raised $787.5 million

in a U.S. initial public offering on Wednesday, becoming the

latest crypto firm to tap public markets as digital assets gain

mainstream acceptance.

A string of regulatory wins under a pro-crypto White House,

corporate treasury adoption and inflows from exchange-traded

funds have spurred listings from the sector, which recently

surpassed a market value of $4 trillion.

The New York-based company and certain existing investors

sold 31.5 million shares at $25 each, above its previously

increased range of $20 to $22 apiece. The IPO valued Figure at

$5.29 billion.

Figure also raised the number of shares offered to 31.5

million from 26 million on Tuesday.

The company will begin trading on the Nasdaq from Thursday

under the ticker symbol "FIGR".

Goldman Sachs, Jefferies and BofA Securities were the lead

underwriters of the IPO.

Founded in 2018, Figure leverages blockchain technology to

connect lenders and borrowers of home loans.

The company, according to its IPO paperwork, funds home

equity loans in just 10 days, compared to the industry average

of 42 days.

Billionaire investor Stanley Druckenmiller's Duquesne Family

Office had indicated interest in buying up to $50 million worth

of shares from Figure's offering.

Separately, Swedish fintech firm Klarna's ( KLAR ) shares

jumped 30% in their long-awaited debut earlier in the day,

signaling a strong rebound in the U.S. IPO market this fall, as

record-high equity valuations and growing expectations of an

interest rate cut boost investor sentiment.

Crypto exchange Gemini, transit tech Via, and coffee chain

Black Rock Coffee are also lined up to price their IPOs on

Thursday.